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- Operations
- Banco Davivienda Colombia
Banco Davivienda Colombia
Colombia
| Borrower | Banco Davivienda Colombia |
| Financing Type | Private Sector & Trade Finance |
| Instrument | Private Sector Debt |
| Focus Area | Financial |
| Approved | 26.03.2020 |
| Signed | 26.06.2020 |
| Status | Completed |
| Loan Administrator | OPEC Fund |
| Co-financiers | IFC, Others |
| OPEC Fund Contribution (US$m) | 50.00 |
To enable the bank to strengthen its capital base (New Tier 2) and sustain the growth of its lending portfolio to women-owned MSMEs, social housing, and green building projects. This is the OPEC Fund’s first private sector transaction in Colombia. The project will support low-income households’ access to mortgages and improve female entrepreneurs’ access to funding. It will also drive a counter-cyclical action, as many people are facing additional challenges from COVID-19.